Charging on current accounts ‘would be crazy’

Ms Melville’s suggestion comes in the wake of the revelation that banks in the UK have accumulated their highest ever profits, despite receiving more complaints about their services than ever before.

The very idea of charging current account customers is “crazy” and would mean more debt management problems for those people in Britain who already cannot afford to be charged, Ms Melville asserted.

“I think it’s likely that banks will start charging for current accounts and I think there’s a real problem there because the people who it is going to penalise are the poor,” she continued.

In related news, the chairman of Debt Free Direct Mike Blackburn told the Telegraph newspaper that the country’s banks are to blame for the rise in demand for Individual Voluntary Arrangements (IVAs).